When will airline ticket prices come down? What to expect if Iran war ceasefire holds, Strait of Hormuz remains open

On the heels of a two-week ceasefire in the Iran war—which requires reopening the Strait of Hormuz, a critical oil passageway—benchmark U.S. crude oil prices sank to $94.98 a barrel on April 8, down 16%. That’s left many Americans wondering when fuel prices—and therefore airline ticket prices—might come down. The answer: probably not anytime soon. First, let’s take a look at gas prices. On Wednesday, the day after the ceasefire was announced, gas prices went up 2 cents, not dow...